Following Committee Reports to Parliament this week, the ACNC start date is in doubt, with debate on amendments likely to delay passage of the ACNC Bills past 1 October 2012. The future of the ‘in Australia’ legislation is also unclear. ACNC Bills delayed The Joint Committee on Corporations and Financial Services and the Senate Community […]
ACNC start date in doubt; ‘in Australia’ Bill delayed Read More »
On 23 August 2012, the Assistant Treasurer, David Bradbury, introduced theTax Laws Amendment (Special Conditions for Not-for-Profit Concessions) Bill 2012 into Federal Parliament. The Bill contains proposed amendments to the provisions of the Income Tax Assessment Act 1997 that concern: a) the requirement that charities operate within Australia; and b) the definition of a ‘not-for-profit entity’.
‘In Australia’ legislation finally before Parliament Read More »
Churches, Charities other Not-for-Profit Organisations and the Federal Budget Set out below is a summary of key points from the Budget for Churches, Charities and other Not-for-Profit Organisations, some discussion and some resources that might be useful. (6 June 2011 – we apologise that some links may be out of date) Summary The Budget handed
Consultation on Unrelated Business Income Tax Read More »
High Court Delivers Decision in Commissioner of Taxation v Word Investments Ltd On Wednesday 03 December 2008 the High Court handed down its decision in Commissioner of Taxation v Word Investments Ltd. The High Court ruled, by a four to one majority of justices, that the Commissioner’s appeal against Word Investments Ltd’s application for Income
Not for Profit Update – Word Investments Case Read More »
